Four Bedroom House (ref. 41709179) - Houses for Sale, Real Estate - Number of Bedrooms: 4, Number of Bathrooms: 2 - Cuyahoga, Ohio, United States

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Four Bedroom House (ref. 41709179)
Date & Time Listed: 2025-03-27 10:09:07 (GMT)

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga

Ad Details:

This large two apartment multi family home is located on a nice street in Old Brooklyn on the Westside
of Cleveland, Old Brooklyn is a very desirable area in Cleveland where new construction single family
homes fetch over $400,000. The house is just 1 mile from Cleveland Metroparks Zoo and food court.
The property is divided into two large apartments, you have a large two bedroom apartment
downstairs and a large two bedroom apartment upstairs, One apartment upstairs has a tenant in place
paying $650 in rent each month, The current market rent can reach up to $1,500 with Section 8
housing. The 2nd apartment will be renovated by Global Investments best contractors and will be
supplied rent ready to a Section 8 standard. The works will begin after the new owner closes on the
property. When complete the management company will place a brand new vetted tenants. The
apartment should achieve $1,100 – $1,500 in rent each month.
Old Brooklyn is located on the Westside and viewed as a very central location in Cleveland Ohio, it is
just 7 miles from Downtown Cleveland and only 4 miles from Detroit Shoreway which is one of the best
areas in Cleveland. The property is also only 1 mile from Cleveland Metroparks Zoo and food court
which is a lovely family area of Cleveland.
Investment Calculations
Purchase price
$129,900
Gross annual rental income:
$25,800
Property running costs:(Tax, insurance and management costs)
$5,423
Net annual rental income:
$20,377
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
16%
Break even in
6.25 Years.
This property is a House for sale.

Other Details:

Number of Bedrooms: 4
Number of Bathrooms: 2

Price: 129,900.00 USD

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Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2 Posted From: United States, Ohio, Cuyahoga

Posted in Categories: Real Estate, Houses for Sale - Number of Bedrooms: 4, Number of Bathrooms: 2
Posted From: United States, Ohio, Cuyahoga